KUALA LUMPUR: RHB Bank Bhd, the fifth-biggest Malaysian lender by market value, has hired UBS Group AG’s James Yeo as regional head of mergers and acquisitions, people with knowledge of the matter said. Yeo, who was head of institutional client coverage for Southeast Asia at UBS Asset Management, will be based in Kuala Lumpur, according to the people. RHB is seeking to boost its share of M&A advisory work in Malaysia, where it trails local rivals including Malayan Banking Bhd and CIMB Group Holdings Bhd . Before joining UBS, Yeo was a director at Bank of America Corp covering Singapore investment banking. Head of M&A Soon Poh Lean and one of his key lieutenants, a director on the M&A team named Theresa Lim, have resigned from the Malaysian bank, people with knowledge of the matter said earlier this month.

Source: The Star May 23, 2018 07:18 UTC